Showing 1 - 10 of 22
TMB-TBank post-merger executive positions shaping up
Business, Somruedi Banchongduang, Published on 24/09/2019
» Piti Tanthakasem, chief executive of TMB Bank, has been tipped to take over the reins at the merged TMB-Thanachart Bank, while TBank president Praphan Anupongongarch will be president at the bank.
TMB-TBank merger largest deal in banking
Business, Somruedi Banchongduang & Wichit Chantanusornsiri, Published on 10/08/2019
» The merger between TMB Bank and Thanachart Bank (TBank) is set to mark the Thai banking industry's largest merger and acquisition deal, with considerations worth 156 billion baht.
Thanachart-TMB signing next week
Business, Wichit Chantanusornsiri, Published on 09/08/2019
» TMB Bank and Thanachart Bank (TBank) are set to sign a merger agreement by next week as all key details have already been settled, says a source familiar with the deal.
TMB-Thanachart Bank's shareholding takes shape
Business, Somruedi Banchongduang and Wichit Chantanusornsiri, Published on 08/08/2019
» Dutch bank ING, Thanachart Capital (TCAP) and the Finance Ministry are expected to hold stakes of 21%, 20% and 18%, respectively, in the new bank born from the consolidation of TMB Bank and Thanachart Bank (TBank), say two sources familiar with the matter.
TMB-TBank to formalise in August
Business, Wichit Chantanusornsiri, Published on 02/08/2019
» TMB Bank and Thanachart Bank will sign a merger agreement this month, sealing a deal to create the sixth-largest bank in Thailand, with assets of almost 2 trillion baht.
TBank union seeks higher severance payments
Business, Wichit Chantanusornsiri & Somruedi Banchongduang, Published on 20/07/2019
» Thanachart Bank's labour union expects 4,000-5,000 jobs to be cut after TBank consolidates with TMB Bank, and union leaders are calling for both banks to offer higher severance payments than are legally required for those to be laid off.
TMB-TBank marriage creeps a step closer
Business, Wichit Chantanusornsiri, Published on 04/07/2019
» Due diligence for the merger of TMB Bank and Thanachart Bank (TBank) is almost complete, marking a step towards the formation of a single bank expected to provide financial services by December.
TMB new issue shares set at B2.17
Business, Wichit Chantanusornsiri, Published on 13/03/2019
» TMB Bank's newly issued shares to be earmarked for existing shareholders are initially set at 2.17 baht each, but the final price will hinge on the outcome of due diligence.
Moody's confirms TMB's standing ahead of planned merger
Business, Published on 08/03/2019
» Moody's Investors Service has affirmed the foreign currency deposit rating of TMB Bank Plc at Baa2 and affirmed the baseline credit assessment (BCA) and adjusted BCA of TMB at ba1.
Ministry buying B10bn in shares of hybrid bank
Business, Wichit Chantanusornsiri, Published on 01/03/2019
» The Finance Ministry is set to spend 10 billion baht to subscribe to TMB Bank's newly issued shares to maintain its shareholding in the new bank from the amalgamation of TMB and Thanachart Bank (TBank).